South Carolina § 9-16-380 Audit of Retirement System Investment Commission.

South Carolina Statutes

§ 9-16-380 — Audit of Retirement System Investment Commission.

South Carolina § 9-16-380

Title 9RETIREMENT SYSTEMS

Ch. 16RETIREMENT SYSTEM FUNDS

This text of South Carolina § 9-16-380 (Audit of Retirement System Investment Commission.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 9-16-380 (2026).

Text

Every four years the State Auditor shall employ a private audit firm to perform a fiduciary audit on the Retirement System Investment Commission. The audit firm must be selected by the State Auditor. A report from the private audit firm must be completed by January 15, 2019, and every four years after that time. Upon completion, the report must be submitted to the Governor, the President of the Senate, the Speaker of the House of Representatives, the Chairman of the Senate Finance Committee, and the Chairman of the House Ways and Means Committee.

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Every four years the State Auditor shall employ a private audit firm to perform a fiduciary audit on the Retirement System Investment Commission. The audit firm must be selected by the State Auditor. A report from the private audit firm must be completed by January 15, 2019, and every four years after that time. Upon completion, the report must be submitted to the Governor, the President of the Senate, the Speaker of the House of Representatives, the Chairman of the Senate Finance Committee, and the Chairman of the House Ways and Means Committee.

Legislative History

HISTORY: 2012 Act No. 278, Pt IV, Subpt 3, SECTION 64.B, eff July 1, 2012; 2017 Act No. 13 (H.3726), Pt. III, SECTION 12, eff July 1, 2017; 2019 Act No. 1 (S.2), SECTION 40, eff January 31, 2019. Effect of Amendment 2019 Act No. 1, SECTION 40, in the fourth sentence, substituted "President of the Senate" for "President Pro Tempore of the Senate". ARTICLE 5 Investment Education Editor's Note 2008 Act No. 311, SECTION 55, provides as follows: "Upon the effective date of this act, Regulations 19-900 through 19-997 of the South Carolina Code of Regulations shall have no application whatsoever to the operation of Title 9 of the 1976 Code."